Motor Vehicle Loans (Any Age Vehicle)

Age	Deposit	Interest Rate
New	10%	6.50%
Used up to 5 yrs	15%	7.50%
Used 5 – 10 yrs	20%	8.50%
Used 10 – 15 yrs	33%	12%
Used over 15 yrs	33% – 50%	18%

Documents Required

• Proof of Ownership of Vendor (Vehicle Enquiry Report)
• Insurance Quotation for Buyer
• Vendor’s Letter
• Copy of Vendor’s ID
• Importers Invoice
• Dealers Invoice
• Route permit- if Public Transport
• Taxi Permit- if Taxi Operator
• 2 Recent Salary Slips
• Job Letter
• Valuation & Inspection Report
• If self employed;

1. Bank account statements for last twelve (12) months and or
2. Check stubs for last six months
3. Business registration certificate
4. Contracts
5. Financials for last 3 years